Summary3 min read

WSJ Tech News Briefing – Tech Minute: CoreWeave’s Third Quarter Revenue More Than Doubled

Date: November 11, 2025
Host: Zoe Culkin, The Wall Street Journal
Episode Focus: Rapid growth in cloud infrastructure for AI, major investments by Microsoft in AI in Europe, and significant moves from SoftBank in the AI ecosystem.

Episode Overview

This Tech Minute episode spotlights the booming demand for AI infrastructure as demonstrated by CoreWeave’s explosive revenue growth. It also covers Microsoft's deepening AI investments in Europe and SoftBank’s strategic financial maneuvers to back ChatGPT’s parent company, OpenAI. The tone is brisk and factual, emphasizing tech industry shifts, financial highlights, and implications for global AI capacity.

Main Discussion Points & Insights

1. Quantum Computing’s Frontier

Speaker: Katie Pizzolato, Vice President, IBM Quantum Platform (00:00)
- Key Insight: The excitement in quantum computing today mirrors the early days of classical computing.
- Focus on Unknown Applications: The biggest potential of quantum lies in applications yet to be imagined.
- Impact Areas: Drug development, materials discovery, and optimization across industries.
Notable Quote:

“Personally, I'm most excited about the potential applications we don't know yet. It's very exciting to think about where we all sat at the dawn of classical computation and not to ever imagine where we are today.”
— Katie Pizzolato (00:04)

2. CoreWeave’s Explosive Growth and Its Challenges

Host: Zoe Culkin (00:33)
- Financial Highlights:
  - Q3 revenue more than doubled to $1.36 billion.
  - Reported net loss of $110 million, significantly narrower than last year’s $359 million loss.
- Market Reaction:
  - Despite revenue gains, shares fell over 5% after hours due to delays by a third-party data center developer.
  - Delay will push related capital expenditures and revenue into later quarters.
- Industry Context: CoreWeave is a leading cloud provider for AI companies and demand for its services is “unprecedented.”
Notable Quote:

“Coreweave's third quarter revenue more than doubled, but shares fell more than 5% in after hours trading after the company said a delay by a third party data center developer would result in both capital expenditures and revenue associated with the customer being pushed back into subsequent quarters.”
— Zoe Culkin (00:36)

3. Microsoft’s Massive AI Expansion in Europe

Speaker: Zoe Culkin (01:13)
- Investment Details:
  - Microsoft to invest over $10 billion in expanding AI infrastructure in Portugal.
  - Funding dedicated to a new data center hub in southwest Portugal, operational from early next year.
- Partners Include: Nvidia UK, N Scale Global Holdings, and Start Campus.
- Significance: One of Microsoft’s largest ever investments in European AI computing capacity.

4. SoftBank’s Strategic Realignment

Speaker: Zoe Culkin (01:53)
- Action Taken: SoftBank sold its stake in Nvidia for $5.8 billion.
- Reason: To raise funds for its ambitious investment in OpenAI (the maker of ChatGPT).
- Scale of Investment: SoftBank plans to invest $30 billion into OpenAI by year end—more than any other investor thus far.
- Market Impact: Nvidia shares dipped 1.7% in pre-market trading following the news.

Timestamps of Key Segments

00:00 – Quantum computing possibilities with Katie Pizzolato (IBM)
00:33 – CoreWeave’s Q3 revenue and company challenges
01:13 – Microsoft’s $10B AI infrastructure investment in Portugal
01:53 – SoftBank exits Nvidia, pivots to fund ChatGPT’s parent company
02:22 – Sponsored IBM message (content not summarized)

Memorable Moments & Quotes

On where quantum will matter next:

“Quantum computers are poised to accelerate time and cost efficiencies in really important fields like drug development, materials discovery, optimization, things that impact all industries.”
— Katie Pizzolato (00:13)
Summing up explosive AI infrastructure growth:

“Coreweave said the results reflect a unprecedented demand for AI.”
— Zoe Culkin (01:09)
On Microsoft’s strategic push:

“Microsoft said the investment will be one of its largest for AI computing capacity in Europe.”
— Zoe Culkin (01:32)
SoftBank’s bold gamble:

“The company announced earlier this year its plan to invest $30 billion into the ChatGPT maker by the end of this year, more than any other investor thus far.”
— Zoe Culkin (02:03)

Summary Takeaway

The episode delivers a fast-paced roundup of surging AI infrastructure demand, massive corporate investments, and the strategic moves of key tech players shaping the next generation of artificial intelligence and cloud computing. Emerging quantum possibilities sit at the horizon while capital—private and public—shifts rapidly to back the companies building tomorrow’s AI foundation.

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Transcript3 lines

[00:00]
A
Where can quantum computing be explored most effectively? Katie Pizzolato, Vice President, IBM Quantum Platform explains Personally, I'm most excited about the potential applications we don't know yet. It's very exciting to think about where we all sat at the dawn of classical computation and not to ever imagine where we are today. But we know that quantum computers are poised to accelerate time and cost efficiencies in really important fields like drug development, materials discovery, optimization, things that impact all industries.
[00:33]
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Here's your morning TNV Tech minute for Tuesday, November 11th. I'm Zoe Culkin for the Wall Street Journal, Coreweave's third quarter revenue more than doubled, but shares fell more than 5% in after hours trading after the company said a delay by a third party data center developer would result in both capital expenditures and revenue associated with the customer being pushed back into subsequent quarters. The company, which is one of the top providers of cloud computing services for AI companies, also reported a net loss of $110 million, narrower than the $359 million the company lost in the same quarter a year earlier. Sales rose to $1.36 billion. Coreweave said the results reflect a unprecedented demand for AI. Microsoft has said it will invest more than $10 billion to expand AI infrastructure in Portugal, the latest in a series of moves giants looking to bolster AI capacity in Europe. The company said the funding will go toward a data center hub in southwest Portugal starting early next year, and the facility will be built out with Nvidia UK AI infrastructure startup N Scale Global holdings and data center builder Start Campus. Microsoft said the investment will be one of its largest for AI computing capacity in Europe. And SoftBank has sold its stake in Nvidia for $5.8 billion as it looks for funds to follow through on its huge bet on open. The company announced earlier this year its plan to invest $30 billion into the ChatGPT maker by the end of this year, more than any other investor thus far. Nvidia shares were down 1.7% in pre market trading. That's your TNV Tech Minute. Join us again this afternoon for more.
[02:22]
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